service tax
This query is : Resolved
04 September 2010
what is the entry for service tax in jounal and payment
04 September 2010
Service tax need to account while sale entry
Dr: Customer
Cr: Service charges receivable
Cr: Service tax payable
Cr: E.cess Payable
Cr: SHE cess Payable
While Payment of service tax
Dr: Service charges receivable
Dr: Service tax payable
Dr: E.cess Payable
Dr: SHE cess Payable
Cr: Bank
If you want maintain separte ledger for Service tax up to realisation, you ca make transfer entry while realisation of service tax
Dr: Customer
Cr: Service charges receivable
Cr: Service tax payable
Cr: E.cess Payable
Cr: SHE cess Payable
While Payment of service tax
Dr: Service charges receivable
Dr: Service tax payable
Dr: E.cess Payable
Dr: SHE cess Payable
Cr: Bank
If you want maintain separte ledger for Service tax up to realisation, you ca make transfer entry while realisation of service tax
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